IndusInd Bank plans to raise USD 400 million via bonds

By: |
New Delhi | Published: April 9, 2019 1:25:26 AM

The notes will carry a fixed coupon rate of 3.87 percent and be payable on a semi-annual basis, the filing said. The notes are expected to be settled on April 15 and will mature on April 15, 2022.

IndusInd Bank, bonds, banking news, finance news, markets newsThe notes will carry a fixed coupon rate of 3.87 percent and be payable on a semi-annual basis, the filing said.

Induslnd Bank Monday said it is planning to raise USD 400 million (around Rs 2,700 crore) through medium term notes programme. “The Bank has priced the Notes at 3.875 per cent fixed rate on April 8, 2019 under the medium term notes programme…having a size of USD 400 million,” it said in a BSE filing.

Also Read: Zydus Cadila gets tentative USFDA nod to market generic anti-epileptic tablets

The notes will carry a fixed coupon rate of 3.87 per cent and be payable on semi-annual basis, the filing said. The notes are expected to be settled on April 15 and will mature on April 15, 2022. “These Notes are proposed to be listed on the India International Exchange (IFSC) Ltd (INX) and Singapore Exchange Securities Trading Ltd,” it said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition